2012年3月27日 星期二

Business briefs

Point taken

JPMorgan Chase doesn’t have to pay trader Kai Herbert $921,500 after a missing decimal point in an employment contract led him to believe he would be paid 10 times the actual offer, a London court ruled.

Home sick

Contracts to buy previously owned homes unexpectedly fell in February, suggesting a loss of momentum in the housing market.

Shake, erase

Shares of Ohio Art, makers of Etch A Sketch, returned to earth, dropping 32.6 percent to $4.65. The stock skyrocketed Friday after the toy was cited in the GOP presidential primary race.

Picard pact

A judge has thrown out a legal challenge to part of the $7.2 billion settlement between Madoff trustee Irving Picard and the estate of longtime Madoff investor Jeffry Picower.

Elie’s going

Chad Elie, a Las Vegas man who processed payments for online poker companies, pleaded guilty to a scheme to deceive banks into processing hundreds of millions of dollars in Internet gambling transactions.